Stock Market Signals for the US and Indian Stock Markets for the Upcoming Week beginning June 15

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2094, 0.06%	Neutral	Neutral
Nifty	7983, -1.62%	Neutral**	Bearish
China Shanghai Index	5166, 2.85%	Bullish	Bullish
Gold	1181, 0.75%	Bullish	Bullish
WTIC Crude	59.94, 1.80%	Bullish	Bearish
Copper	2.68, -0.96%	Bearish	Bearish
Baltic Dry Index	642, 5.25%	Bullish	Bullish
Euro	1.126, 1.44%	Bullish	Bullish
Dollar/Yen	123.85, -1.34%	Bearish	Bearish
Dow Transports	8417,- 1.09%	Bearish	Bearish
US 10 year Bond Yield	2.39%, -0.71%	Bullish	Bullish
Nyse Summation Index	-150, -584%	Bearish	Neutral
US Vix	13.78, -3.03%	Bullish	Bullish
20 DMA, S and P 500	2111, Below	Bearish	Neutral
50 DMA, S and P 500	2103, Below	Bearish	Neutral
200 DMA, S and P 500	2048, Above	Bullish	Neutral
20 DMA, Nifty	8251, Below	Neutral	Bearish
50 DMA, Nifty	8353, Below	Neutral	Bearish
200 DMA, Nifty	8346, Below	Neutral	Bearish
India Vix	17.48, -3.37%	Neutral	Bullish
Dollar/Rupee	64.10, -0.01%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	8	7
Bearish Indications	6	8
Outlook	Marginally Bullish	Marginally Bearish
Observation	The Sand P 500 held support at 2085 while the Nifty under performed significantly last week. The summation index is flashing warning signs. Market cycles are positive till July so a rally is likely through the FOMC. Also Expecting a big move up in the Nifty this week.
On the Horizon	Greece, FOMC, Speech from ECB President Draghi, US CPI
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy Google finance, Stock charts
**Neutral	Changes less than 0.5% are considered neutral

Last weeks bearish signals have largely been negated. You can check out last weeks report for a comparison.

Some Great Reads from the World of Economics and Financial Markets

VELOCITY of Money Below Great Depression Levels
Forecaster Martin Armstrong writes on how the velocity of money today is below levels that were observed in the Great Depression (#greatdep).

Are We in a Stock Market Bubble?

Tara Clarke at Money Morning analyses Nobel Laureate and Yale professor of economics Robert Shiller's views.

China’s soft May inflation increases calls for fiscal stimulus

Craig Erlam at MarketPulse discusses the rational for a #stimulus in China following soft inflation figures.

Guess How Many Nations In The World Do Not Have A Central Bank?

Michael Snyder at the Economic Collapse Blog provides an insight on countries with and without Central Banks.

3 Things to Remember When Trading Bigger Forex Positions

Dr. Pipslow at BabyPips.com offers some key pointers on trading large Forex positions.

The Sound of an Improving Labor Market

Barry Ritholtz  at The Big Picture writes about the improving labour market in the US.

NIFTY Death cross and support at the Neck line

San at Nifty charts and patterns provides a technical update on India's benchmark stock market #Nifty Index.

Stock Market Signals for the US and Indian Stock Markets for the Upcoming Week beginning June 8

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2093, -0.69%	Bearish	Bearish
Nifty	8115, -3.78%	Bearish	Bearish
China Shanghai Index	5023, 8.92%	Bullish	Bullish
Gold	1172, -1.57%	Bearish	Bearish
WTIC Crude	58.88, -2.24%	Bearish	Bullish
Copper	2.70, -1.21%	Bearish	Bearish
Baltic Dry Index	610, 3.57%	Bullish	Bullish
Euro	1.11, 1.02%	Bullish	Bullish
Dollar/Yen	125.52, 1.11%	Bullish	Bullish
Dow Transports	8510, 2.53%	Bullish	Bullish
US 10 year Bond Yield	2.40%, 14.65%	Bearish	Bearish
Nyse Summation Index	31, -82.27%	Bearish	Bearish
US Vix	14.21, 2.67%	Bearish	Bearish
20 DMA, S and P 500	2114, Below	Bearish	Neutral**
50 DMA, S and P 500	2101, Below	Bearish	Neutral
200 DMA, S and P 500	2045, Above	Bullish	Neutral
20 DMA, Nifty	8303, Below	Neutral	Bearish
50 DMA, Nifty	8395, Below	Neutral	Bearish
200 DMA, Nifty	8335, Below	Neutral	Bearish
India Vix	18.09, 8.58%	Neutral	Bearish
Dollar/Rupee	64.11, 0.58%	Neutral	Bearish
Overall	S & P 500	Nifty
Bullish Indications	6	6
Bearish Indications	10	12
Outlook	Bearish	Bearish
Observation	The Sand P 500 is correcting (support 2085) while the Nifty underperformed significantly last week. The summation index and treasuries are flashing warning signs.
On the Horizon	Greece, G7 meetings, US Retail Sales and PPI
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy Google finance, Stock charts
**Neutral	Changes less than 0.5% are considered neutral

You can check out last weeks report for a comparison.